Deduction price for simple moving average

CHEN CHEN · 2021-04-22T11:06:52+00:00

Hi: please see attached, I wonder if anyone can help me to create the tool could be use from tool bar. the principle is to find the deduction price date of the 20, 60, 120 day simple moving average. I used the Fibonacci time zone tool to create the one I could use, but once I change the instruments I have to reset it. ideally if can create one tool and add in the tool bar, each time to use it just put it on the chart. it is very simple idea, four vertical lines, from first to second 20 days distance, from second to third 40 days distance, and from third to fourth 60 days distance. ideally if can create a tool not a indicator, as a tool I could move it to different start date with same period on the chart to help me to predict how the simple moving average to go in the certain time period. but if the platform not allow to add tools in the tool bar, then a indicator can do the same job is ok too. I hope I have explained clear, hopefully someone can help to create the tool or indicator for me, really appreciate it Thanks Andy

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04/22/2021 at 12:06 PM #167780 quote

CHEN CHEN
Participant

New

Hi:

please see attached, I wonder if anyone can help me to create the tool could be use from tool bar. the principle is to find the deduction price date of the 20, 60, 120 day simple moving average.

I used the Fibonacci time zone tool to create the one I could use, but once I change the instruments I have to reset it. ideally if can create one tool and add in the tool bar, each time to use it just put it on the chart.

it is very simple idea, four vertical lines, from first to second 20 days distance, from second to third 40 days distance, and from third to fourth 60 days distance.

ideally if can create a tool not a indicator, as a tool I could move it to different start date with same period on the chart to help me to predict how the simple moving average to go in the certain time period.

but if the platform not allow to add tools in the tool bar, then a indicator can do the same job is ok too.

I hope I have explained clear, hopefully someone can help to create the tool or indicator for me, really appreciate it

Thanks

Andy

days.jpg

04/22/2021 at 12:12 PM #167782 quote

robertogozzi
Moderator

Legend

Tools cannot be created by users.

04/23/2021 at 7:55 PM #167918 quote

CHEN CHEN
Participant

New

Thanks Robertogozzi, what about indicator? I believe that can be done, as I use the indicator in different platform.

Please see the code I use in different platform attached, but I don’t know how to translate it in pro-realtime

MA1.docx

04/23/2021 at 10:08 PM #167929 quote

robertogozzi
Moderator

Legend

Sorry, I don’t know that language.

I can see it’s about a group om MA’s, but nothing else.

04/24/2021 at 4:05 PM #167960 quote

Nicolas
Keymaster

Legend

Do you have pictures of what is doing this indicator visually please?

04/26/2021 at 10:15 AM #168040 quote

CHEN CHEN
Participant

New

Please see the attachment, pink line is 20 ma, blue line is 60 ma, green line is 120 ma, and red is 200 ma.

the numbers 20, 60, 120, 200 in the red circle means those days before today’s date.

it can help me to predict how the MA moving average is going to do in following days, for example 60 ma 60days ago price is above current price in next 25+ days,

if current price stay same level, the 60 ma should trend down in next 25-30 days, it will put pressure on the current price

not sure my explanation is clear enough ? let me know

Thanks

Andy

Baba.jpg

04/26/2021 at 10:50 AM #168046 quote
Nicolas
Keymaster

Legend
So that code should do what you require:
```
defparam drawonlastbaronly=true

drawtext("20",barindex-20,low[20]-averagetruerange[14][20],dialog,bold,20)
drawtext("60",barindex-60,low[60]-averagetruerange[14][60],dialog,bold,20)
drawtext("120",barindex-120,low[120]-averagetruerange[14][120],dialog,bold,20)
drawtext("200",barindex-200,low[200]-averagetruerange[14][200],dialog,bold,20)
return
```
04/26/2021 at 11:53 AM #168052 quote

CHEN CHEN
Participant

New

Hi Nicolas:

That is perfect, really appreciate it

Best Regards

Andy
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